If the Production Possibilities Curves of Two Countries Have the Same

question 55

Multiple Choice

If the production possibilities curves of two countries have the same slope,

• A)neither has a comparative advantage, and there are no gains from trade.
• B)although there is no comparative advantage, there are potential gains if there are differences in absolute advantage.
• C)neither has an absolute advantage, and there cannot be gains from trade.
• D)both have an absolute advantage and can gain from trade.

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Definitions:

Mutually Exclusive

A condition where two or more events or possibilities cannot occur simultaneously.

Sexual Partner

An individual with whom another individual engages in sexual activity.

Body Expansiveness

Taking up more space with your body.

Mathematics Ability

The capacity or skill level to perform, understand, and apply mathematical concepts and operations.